Insurance for Ferro in Australia

[Mattyb]

Hi guys

Just wondering if anyone knows of an insurance company that will insure a professionally built Ferro in Australia. Its a 36ft sampson c shell. It is currently insured with club marine but they said they are not taking new policies on Ferro boats. Before I do the big ring around I thought I would throw it out here. It is on a mooring in Northern Wa. Am just after 3rd party but happy to go comprehensive if needed. She is beautifully built an fitted out.. Any help appreciated.

[Coops]

I am sure that there was a thread on this very subject only a few months ago. If you do a search you will turn it up for sure.

Coops.

[Mattyb]

I thought so too coops and did a search before posting. Maybe my iPhone isn't as handy. I will keep searching.

[Mattyb]

Ok found it. Will try dg marine and see how I go. Cheers

[Mattyb]

In case anyone else comes across this thread looking for the same thing. Dg marine were excellent and didn't even need a survey for third party insurance. Couldn't have been easier. There are still companies that will insure ferro!

[Jim Cate]

MattyB,

If you are willing to post or PM, I would be very interested in what the premium for your third party insurance is. I am with Nautilus and they DO require surveys and are pretty dear. This for a composite timber/epoxy/glass hull.

Thanks

Jim

[Mattyb]

Hi Jim

It was about 650 a year. My ferro is professionally done in 1990 and that was third party only and I am in a cyclone area. Hope that helps.

[Jim Cate]

Thanks Matty... more data is always useful in this arena.

Enjoy your (now insured) ferro boat.

Cheers,

Jim

[Wattsailing]

Hi we have full insurance with EDward Beale based in Spain we where referred by dg marine.


Peter

[Reefmagnet]

Edward William marine / Northern Reef insurance? Do some homework before sending them the cash.

I got a quote from them via DG Marine via Coastal Passage. Very competitive price, no survey required yada yada. My boat is fibreglass, but old ('69) and going onto a swing mooring in Shute Harbour Qld which is being shunned by a lot of local insurers at the moment thanks to a couple of bad storms and a cyclone in recent times. I was just about to pony up the dollars for the premium, but the old "if it sounds to good to be true..." came to mind.

A bit of searching on the internet gave me the impression that these guys rarely pay out on what should otherwise be legitimate claims. In fact the only evidence I found for them paying a claim for a boat damaged in Australia was for someone who had to fork over something like $90000 out of there own pockets before this insurance company reimbursed them.

I was left with the feeling that sending money to these guys was a waste of time, unless I simply wanted an insurance certificate to show to marinas etc, and have since gone with a local insurer requiring survey and having a 50% higher premium, but ymmv.

[Mattyb]

Yeah it's definitely buyer beware. I pretty much just want the certificate. I don't hold any insurance company in high regard and if it wasn't for marinas requiring it I wouldn't bother as the price of my yacht doesn't warrant it for me. But to each his own thanks for the heads up though, always good to know.